3116 Connecticut Avenue
About This Property
Looking for your first home or an investment property with serious potential? This charming 2-bedroom, 1-bath home is the perfect find! With a spacious garage/workshop at the back, it's ideal for extra storage, a DIY space, the possibilities are limitless!
Situated just minutes from the thriving heart of Downtown Naples, this home offers unbeatable access to pristine beaches, outdoor adventures, trendy shopping centers, and incredible dining options. And the best part? The area is booming! New developments are popping up everywhere, including the $400 million Metropolitan Naples project, featuring luxury condos, high-end shopping, and dining-right in your backyard!
This isn't just a home, it's an investment in your future in one of the most exciting, up-and-coming neighborhoods in Naples. With all the growth and expansion happening in this area, this property is an absolute gem and a rare find.
Don't wait-this opportunity is too good to last! Bring your offers today and be part of Naples' incredible transformation!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About East Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017